ManagementMania AppMania EduMania JobMania BusinessPages


Who Is Navient Student Loan Servicing?​ To fully understand the role of Navient, we have to first understand the role of Sallie Mae. Navient is a student loan servicer that was formed after the 2014 Sallie Mae split. ​In 1972, Sallie Mae was established as a government-sponsored enterprise (GSE), and was later privatized in 2004, when Congress terminated Sallie Mae’s federal charter. Sallie Mae was a loan servicer for two federal student loan programs: the Direct Loan Program and the Federal Family Education Loan Program. ​In 2014, Sallie Mae was divided in two parts: the consumer banking business, which is known as Sallie Mae, and the student loan servicing operations, which became Navient. Now, Sallie Mae claims that Navient is responsible for “all costs, expenses, losses and remediation” arising from the state lawsuits. However, Navient still stands to benefit, having inherited 95 percent of Sallie Mae’s assets, including servicing rights to $300 billion in student loans.
Did this article help you?
Rating:
Author: smitha rai | Created at: 10.03.2019

Comments

asian fanfics 7 days

Student loan services you share are quite rewarding. Very good service. I will note this service. Thanks for sharing.
vex

Was this helpful?
Rating:

When I was a student, we were asked a lot of tasks and we constantly did not have time for anything. But thanks to my friend, I found an excellent platform that helped me resolve this issue. If you, like me, are looking for a platform where you can buy a research paper writing service in Australia then this site https://au.papersowl.com/research-paper-writing-service is an excellent and reliable choice.

Was this helpful?
Rating:


To enter the discussion you must be signed in

Sign in


Related consulting companiesmore...